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Old 06-08-2008, 11:07 AM   #15
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There are obviously many factors contributing to the current price of crude oil. But there has to be something very wrong when by Exxon/Mobil's own estimates crude oil should be around $50. a barrel. Even by Saudi Arabia's estimates, crude should not be higher than $80. a barrel. It's no secret that the oil companies are making record profits, despite PR claims that their net profits are among the lowest of major industries. Of course, little is mentioned about return on investment. An MIT law school study not too long ago pointed out that industry experts estimated that Exxon/Mobil's costs to extract oil, from their company owned fields, was less than $10. a barrel.

One significant factor influencing the price of crude oil is clearly energy futures speculation, an area deregulated largely by the efforts of ENRON. Well, we all know what happened there! In fact, you may want to take look at the excellent documentary " ENRON: The Smartest Guys in the Room." A trailer available here. I was fortunate to see the U.S. premiere in HD back in 2006, and was shocked to say the least!

I for one believe that energy futures speculation needs to be regulated. Some experts have argued that regulation would reek havoc on our economy. So what's happening now? Or maybe the question should be what will happen if we don't?

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Old 06-08-2008, 05:07 PM   #16
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Its always demand and supply.

The demand is overseas and we have very little influence.

There are more middle class people in China these days and they like to use gas.
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Old 06-09-2008, 01:55 PM   #17
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According to many economists, at least a third of the price of crude is based on speculation of oil and gasoline futures. Many of the buying orders for oil futures are computer-generated and have no fear of economic conditions or bursting the bubble. When the bubble does bust, and it will, many financial institutions will be crying in their empty barrels. Hopefully the next administration will not reward their greed by bailing them out.

Will additional domestic oil and gas production and other energy sources (nuclear, solar, hydrogen...) solve all of our problems? No, but it will remove a great deal of economic power from countries who could care less if we live or die.
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Old 06-09-2008, 05:56 PM   #18
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If the nuts (speculators) are left in charge of the nuthouse (oil futures trading) with no rules, they will bring on a world recession.

Oil speculation
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Old 06-09-2008, 06:11 PM   #19
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Unfortunately, the return on our Chevron stock is not keeping up with the price of diesel for our motor home. Our mutual funds also have some investments in oil stock which means that we are defeating ourselves. Too bad the returns are not as great as the price increases.
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Old 06-14-2008, 05:30 PM   #20
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">iRV2.com RV Forum iRV2.com COMMUNITY Just Conversation $200 crude by 2009 </div></BLOCKQUOTE>
Why aren't we drilling for oil in this country. We should all contact our congressman and demand that they allow drilling in the USA. We can drill off our coast, look at Louisiana. The charter boats tie up to oil platforms to fish, that is where the fish are (I have been there).
Not one leak occured offshore during hurricane katrina. We can tap our oil reserves safely and bring the price of crude down.
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Old 06-15-2008, 08:17 AM   #21
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Darwin,

Some people, representing a extremely small percentage of the population, will not be happy until we are all walking or riding bicycles.
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Old 06-15-2008, 09:40 AM   #22
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tmar 10, you are right on I just wonder how they got all the power? I think I will get a couple goats to mow the lawn. I wonder how many draft horses to pull the fiver?
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Old 06-15-2008, 04:04 PM   #23
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it took 6 horses to pull a heavy wagon train,

but then part of the Donner Party's problem was their horses inability to go up and over that rugged terrain,
you should always match your tow vehicle to your trailer or bad things can happen
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Old 06-16-2008, 04:52 AM   #24
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Fatdog,

The use of the ill-fated Donner Party is an interesting analogy. As resources become scarce, we tend to eat our own to survive.
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Old 06-29-2008, 09:01 PM   #25
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I'd like to see this fuel cell technology , being developed by Cummins, become common-place!
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Old 06-30-2008, 09:44 AM   #26
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Maybe they will have it ready by the time I'm ready to upgrade (replace) my coach.
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Old 07-01-2008, 07:30 PM   #27
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DRILL HERE DRILL NOW PAY LESS



<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Darwin:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">iRV2.com RV Forum iRV2.com COMMUNITY Just Conversation $200 crude by 2009 </div></BLOCKQUOTE>
Why aren't we drilling for oil in this country. We should all contact our congressman and demand that they allow drilling in the USA. We can drill off our coast, look at Louisiana. The charter boats tie up to oil platforms to fish, that is where the fish are (I have been there).
Not one leak occured offshore during hurricane katrina. We can tap our oil reserves safely and bring the price of crude down. </div></BLOCKQUOTE>
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Old 07-06-2008, 09:46 AM   #28
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good topic , we can only BLAME them Democrats
they don't want any drilling in the US or alaska or Gulf of Mexico
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